BOJ Gov Kuroda expects to reach 2% inflation by H1 2016

FXStreet (Bali) - BOJ Gov Kuroda crossed the wires over the weekend, noting that he expects inflation to reach 2% around the first semester of 2016, adding that the inflation rate should start to accelerate in the second half of fiscal 2015.

"The latest data point can be interpreted as confirming that underlying inflation in Japan has been improving significantly, although the firmness is currently masked by the temporary negative impact of the sharp decline in oil prices", Kuroda said.

May 25, 2015

Specs: Reduction in USD bull bets continued - TDS

According to the latest CFTC Commitments of Traders Report, for the week ending Tuesday, May 19th, a reduction in USD bull bets continued for another week, notes the FX Team at TD Securities.

Greece has run out of money, won't make IMF repayment in June - Greek Interiror Minister

Greek Interior Minister, Nikos Voutsis, said the country did not have enough funds to make repayments to the International Monetary Fund of 1.6 billion euro, expected next month, because it has run out of money.